Electric Two-Wheeler Sales Report March 2023
The month of March has brought a notable rebound in the growth of electric vehicles, which is reflected in the sales figures of all sectors. While we’ve seen some new entrants make their mark on the top player’s list, unfortunately, we’ve also had to say goodbye to a few. In this report, we present the top ten players of electric two-wheelers as of March 2023, along with their sales figures and growth rates.
With a commendable sales figure of 83,860 electric two-wheelers sold in March 2023, compared to 65,623 electric two-wheelers in February 2023. Thus we observe a growth rate of 21.74%.
If we consider the sales of March 2022, then this number would be around 54,398, registering a year-on-year growth of 35%. It’s an encouraging sign to see the electric two-wheeler industry growing steadily.
Without further ado, let’s take a closer look at the top ten players who have made it to the top of the leaderboard. From market leaders to new entrants, these players have shown remarkable growth in the dynamic world of electric two-wheelers.
The best-selling company for electric scooters in March 2023
| Electric Scooter | Sales In March 2023 | Sales In February 2023 |
|---|---|---|
| OLA Elelctric | 27,000 units | 18,270 units |
| TVS Motors | 16,454 units | 10,378 units |
| ATHER ENERGY | 11,993 units | 9,187 units |
| Ampare VEHICLES | 8,844 units | 4,424 units |
| HERO ELECTRIC | 6,640 units | 6,457 units |
| OKINAWA | 4,201 units | 3,840 units |
| OKAYA EV | 1,720 units | 1,231 units |
| KINETIC GREEN | 1,591 units | 8,15 units |
Unprecedented sale of Ola
Ola Electric recorded the highest sales ever in March 2023. The company surpassed sales of 27,000 electric scooters in March 2023. Speaking of that milestone, Bhavish Aggarwal, Founder, and CEO of Ola Electric said: “Fiscal Year 23 has been a breakthrough year for the electric vehicle industry in India. At Ola, we have remained steadfast in prioritizing scale, speed, and uncompromising quality standards, all of which have contributed to the company’s consistent leadership position in the marketplace. While last year made EVs mainstream, the next two years will bring the EV revolution to a human scale, and Ola will be at the forefront of this revolution to lead this paradigm shift.”
Other prominent players in the market
The other prominent player in the two-wheeler category was BGauss, Revolt, iVOOMi energy, Pure EV, and many others.
Last Words
While it is exciting to see the growth of electric two-wheelers, it is important to remember that there is still a long way to go before a fully sustainable transportation system is achieved. As individuals and as a society, we must continue to take steps toward reducing our carbon footprint and promoting sustainable practices.
FAQ’s
Question: How many electric two-wheelers are sold?
Answer: More than 83,860 Electric Two-Wheelers were sold in March 2023.
Question: Which is the highest-selling EV 2-wheeler in India?
Answer: As per March 2023 report OLA Electric has the highest-selling EVs.
Question: Who are the market leaders in electric two-wheeler in India?
Answer: AS per the current situation OLA Electric, HERO Electric, TVS Motors, and Ather Vehicles leading the Electric Two-wheelers market.
